The sell-off looks really good at first, when it breaks the 5-day and 10-day moving averages. Then it takes out the 20-day moving average and it looks like this time is a bit different.Â
My Swing Trading Approach Still long on the market. I dabbled to the short side some yesterday, it didn’t work. Now that is out of my system, I remain long and will look to add 1-2 new positions today on market strength. Indicators
Bulls are white knuckling this market making sure it does nothing but go higher. Two problems though with finding quality stocks to trade in the current market:
My Swing Trading Approach Get more short if necessary. Right now, I am slightly short on this market. Need to see that the bears want to continue yesterday’s selling first.Â
My Swing Trading Approach  Right now, I will probably limit the number of positions in my portfolio and stay as close to neutral as I possibly can until the market makes its move. Then I will foll along.Â
Nearing extremes again, but bulls refuse to break The bulls dip buy every chance they get. Regardless of the timeframe that you are looking at, any decline is met with instantaneous buying support. But where does it take us on the S&P 500 (I could careless about the Dow)?Â
My Swing Trading Approach I’m net long following Friday’s inability to sustain a sell-off to the downside. With the rally back, I flipped back to the long side. I would like to add a couple of more positions today, should the rally off of Friday’s lows continue.Â
The market rises and really couldn’t give a flip about how you feel about it. Absurd, Yes! Ridiculous, Yes! Am I still making money off of it, YES!
Bears, man! WHERE DID YOU GO!? Actually had the S&P 500 down about about 8-9 points lower at one point today, but that ended with a sharp buying spree that took price back up to just below breakeven. There’s no one out there to really push stocks substantially higher, but count on the bulls to
I suspect that the holiday volume will persist into the week. Anytime you have a week where there are only 3.5 trading sessions in total, you can expect that much of Wall Street will take the week off and enjoy an extended vacation.Â